-Assume that the market is originally at point W.Movement to point Z is a combination of
A) an increase in the quantity supplied and an increase in demand.
B) an increase in supply and an increase in demand.
C) an increase in supply and an increase in the quantity demanded.
D) a decrease in supply and an increase in the quantity demanded.
E) an increase in supply and a decrease in the quantity demanded.

Question

-Assume that the market is originally at point W.Movement to point Z is a combination of
A) an increase in the quantity supplied and an increase in demand. 
B) an increase in supply and an increase in demand. 
C) an increase in supply and an increase in the quantity demanded. 
D) a decrease in supply and an increase in the quantity demanded. 
E) an increase in supply and a decrease in the quantity demanded.

Quizplus · Accepted Answer

Movement to point Z involves both an increase in supply and an increase in demand, which shifts both the supply and demand curves to the right.

-Assume That the Market Is Originally at Point W